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German economy experiencing major upturn, annual report says

The German economy is expected to grow by 2.0% in 2017 and 2.2% in 2018, according to the German Council of Economic Experts' annual report 2017/18, published Wednesday. The report warned of an overheating of the economy, noting production capacities are over-utilised. Euro-area growth would be 2.3 % in 2017 and 2.1 % in 2018, it said, adding that the European Stability Mechanism should not become a transfer mechanism.

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Jean-Claude Juncker will meet Boris Johnson for the first time, but no breakthrough is expected in Brexit talks. MEPs are preparing to hear from the commission-designates, while Hungary will be grilled at the EU affairs' ministers meeting.

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Luxembourg will be the first European country to legally regulate the production, sale and consumption of cannabis (the Netherlands has a policy of de facto regulation of sale and consumption only), with all the implications this holds.